Red Rock Resorts Inc (OQ:RRR)

Business Focus: Casinos & Gaming

Sector:  Consumer Cyclicals Industry:  Casinos & Gaming
See Regulatory Filings on SEC
Company Contact
Address: 1505 S Pavilion Center Dr
LAS VEGAS NV 89135-1403
Tel: N/A
IR: See website
Key People
Frank J. Fertitta
Chairman of the Board, Chief Executive Officer
Richard J. Haskins
Stephen L. Cootey
Chief Financial Officer, Executive Vice President, Treasurer
Robert A. Finch
Chief Operating Officer, Executive Vice President
Jeffrey T. Welch
Executive Vice President, Chief Legal Officer
Business Overview
Red Rock Resorts, Inc. is a gaming, development and management company. The Company's segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements. It provides gaming and entertainment for residents of the Las Vegas regional market and visitors. Its Las Vegas portfolio includes approximately 10 gaming and entertainment facilities and over 10 smaller casinos, offering approximately 20,300 slot machines, over 350 table games and approximately 4,750 hotel rooms. The Company offers a range of gaming and non-gaming entertainment options. It also controls over seven gaming-entitled development sites consisting of approximately 398 acres in Las Vegas and Reno, Nevada. The Company manages and owns interest in Station Casinos LLC, which is the provider of gaming and entertainment.
Financial Overview
For the six months ended 30 June 2019, Red Rock Resorts Inc revenues increased 11% to $929.9M. Net income decreased 94% to $7.5M. Revenues reflect Las Vegas operations segment increase of 12% to $880.1M, Native American management segment increase of 2% to $46.4M. Net income was offset by Tax receivable agreement liability adjus decrease from $90.4M (income) to $0K.
Employees: 13,800 as of Jan 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $5,170M as of Jun 30, 2019
Annual revenue (TTM): $1,774M as of Jun 30, 2019
EBITDA (TTM): $488.58M as of Jun 30, 2019
Net annual income (TTM): $31.10M as of Jun 30, 2019
Free cash flow (TTM): -$358.99M as of Jun 30, 2019
Net Debt Last Fiscal Year: $2,895M as of Jun 30, 2019
Shares outstanding: 117,155,511 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization